Which of the Following Is TRUE About a Bank Reconciliation

question 95

Multiple Choice

Which of the following is TRUE about a bank reconciliation?

• A) A bank reconciliation should not be prepared by an employee who handles cash transactions.
• B) A bank reconciliation cannot be prepared with online banking.
• C) A bank reconciliation is a financial statement.
• D) A bank reconciliation guarantees that no errors have been made.

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Definitions:

Proximal

describes a position in the body that is closer to the trunk or to the point of attachment.

Trunk

The main part of the human body not including the head, neck, and limbs; also the main structural part of a tree.

Plantar Surface

The bottom part of the foot that comes in direct contact with the ground during standing or walking.

Foot

The lower extremity of the leg below the ankle, on which a person stands or walks.